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Does marginal cost always intersect average cost at minimum average cost?
NTERSECTS
What is happening to average variable costs when they equal marginal costs?
When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost
In the short run if marginal product is at its maximum what happens to average cost?
it is at its minimum
At what point does the marginal cost (MC) curve intersect the average variable cost (AVC) curve?
The marginal cost (MC) curve intersects the average variable cost (AVC) curve at the minimum point of the AVC curve.
How do you find marginal average cost?
Marginal cost comes from the costs of producing just one more of something.
Does marginal cost always intersect average cost at minimum average cost?
NTERSECTS
What is happening to average variable costs when they equal marginal costs?
When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost
In the short run if marginal product is at its maximum what happens to average cost?
it is at its minimum
At what point does the marginal cost (MC) curve intersect the average variable cost (AVC) curve?
The marginal cost (MC) curve intersects the average variable cost (AVC) curve at the minimum point of the AVC curve.
How do you find marginal average cost?
Marginal cost comes from the costs of producing just one more of something.
When is average cost minimized?
Average cost is minimized when marginal cost equals average cost. This occurs at the output level where the cost of producing one additional unit (marginal cost) is equal to the average cost of all units produced. At this point, producing additional units would either increase or decrease the average cost, indicating that the minimum average cost has been reached.
Why does the marginal cost curve cut the average total cost curve at its minimum?
Ur probably in Farzads class... hah xD
What Relation between marginal cost and average cost?
relation ship between average cost and marginal cost
Does marginal cost curve always intersect the average cost curve at the average cost curve's lowest point?
When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
What happens to average variable cost if the marginal cost is less than it?
If the marginal cost is less than the average variable cost, the average variable cost will decrease.
What happens when the slope of the total revenue curve is equal to the slope of the total cost curve?
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
When marginal cost is less than the average total cost the average total cost is falling why?
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
